Note

EUR/USD could drop to 1.13 by year-end - Eurizon SLJ

· Views 437

Analysts at Eurizon SLJ, a London-based asset management company, foresee EUR/USD falling to 1.13 by the year-end, as the European Central Bank (ECB) is likely to boost easing in response to the low and declining inflation trend, according to market observer Holger Zschaeptiz. 

Eurozone core consumer price index declined to a record low of 0.2% in September. The second quarter's sharp fall in Eurozone labor compensation suggests the core inflation reading could fall further.  

The currency pair is currently trading near 1.1790, having risen from 1.1706 to 1.1798 on Monday. 

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

Eager for ECG President's speech today - will it be dovish or a hawkish? A dovish sentiments could dampen the upward momentum of EUR/USD pair..

-THE END-